Product Development Manager, Commercial Insurance

This is a fully remote position, open to applicants in United States.

📋 Description

• Oversee the design and submission of new commercial products, forms, and coverages within BOP, commercial auto, general liability, property, package lines, specialty, excess/umbrella, crime, and inland marine.

• Execute filings and product strategies in collaboration with product line leaders.

• Manage and refresh filings for existing products to maintain competitiveness and profitability.

• Create underwriting guidelines, eligibility requirements, and coverage specifications in partnership with underwriting.

• Collaborate on product strategy, prioritization, and roadmap planning.

• Draft and uphold forms, endorsements, and coverage language.

• Lead pricing and rating revisions in conjunction with actuarial, incorporating rate, rule, and rating plan adjustments.

• Review and sanction rating manuals, rules, and rate pages for submission and system configuration.

• Oversee the comprehensive SERFF filing process, including filing strategies, state sequencing, timelines, and planning for effective dates.

• Ensure filing quality and compliance by reviewing exhibits, memoranda, and submissions.

• Manage communications with regulators and respond to objections until approval is achieved.

• Maintain the filing calendar and tracker, ensuring that approved filings are accurately represented in the system configuration.

• Provide guidance and direction to the Product Development Analyst.

• Facilitate the development and utilization of AI tools for filing preparation, form and endorsement comparison, competitive filing research, and rate and loss analysis.

• Identify use cases for AI and workflow automation to enhance product development and accelerate filing speed and quality.

• Establish standards for validating AI-generated outputs and ensure human oversight.

• Collaborate with engineering and data teams on the requirements and implementation of AI tools.

• Promote the adoption of AI-enabled workflows across product, underwriting, and compliance areas.

• Drive product initiatives from conception through implementation and post-launch evaluation.

• Convert product requirements for system configuration.

• Collaborate with underwriting, claims, and distribution teams to align product design with business objectives.

• Work alongside compliance, legal, actuarial, and engineering teams to ensure accuracy and scalability.

• Guarantee adherence to jurisdictional and state-specific filing requirements.

• Monitor legislative, regulatory, and industry developments that impact products.

• Analyze performance, loss trends, and competitive positioning.

• Present insights, recommendations, and product updates to stakeholders.

• Develop product documentation, training materials, and internal communications.

• Act as a subject matter expert on coverage intent and product design.

⛳️ Requirements

• Approximately 8–12 years of experience in underwriting, product development, or commercial P&C coverage.

• Proven experience in developing products, forms, or pricing strategies for BOP, commercial auto, general liability, commercial property, and package policies.

• Experience managing state filings (forms, rates, and rules) in SERFF, including interactions with regulators and responding to objections.

• Desired experience with specialty lines, excess/umbrella, crime, and inland marine.

• Background in developing underwriting guidelines and eligibility criteria.

• Strong skills in market analysis and competitive intelligence.

• Desired experience in utilizing AI tools to enhance preparation, analysis, and documentation.

• Experience in influencing product strategy or portfolio performance is an advantage.

• Bachelor’s degree in Business, Risk Management, Finance, or a related field.

• CPCU, ARM, AU, or similar designations are advantageous.

• Strong knowledge of commercial P&C underwriting and coverage.

• Solid understanding of state filing requirements and SERFF.

• Excellent analytical and problem-solving skills with attention to detail.

• Clear communication abilities and the capacity to influence across teams.

• Highly organized with the capacity to manage multiple filings and priorities.

• Proficiency in MS Office; experience with Tableau or Power BI is a plus.

🏝️ Benefits

• Eligibility for performance bonuses.

• Equity eligibility.

• Health insurance coverage.

• Dental insurance coverage.

• Vision insurance coverage.

• Retirement plans.